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a major, new bold investment program, going into a new market, expanding a new technology, ect., you are worried about what the tax rate will be when that's generates cash in nine years. the best thing to do is create a lower rate, an expectation that there's not giant tax increases later. >> i agree with that. i think we should do in, but, a, you know we have the highest statutory right and no higher than average effective rates because we have the narrowest base of owl corporate income in the world. >> yeah. >> one of the reasons we have that system is because people like us argued for many years that the more efficient thing, the more, the better way to encourage investment was not to cut the corporate rate, but to have massively accelerated depreciation, expansion of investment, focusing on incentives rather than cutting the rate overall. i think the intuition is changing, but the way we're going it cut the rate is not by closing loopholes, but come out a painful expansions of the base like getting rid of accelerated depreciation and things which have a value so i think -- >> is
honestly is the lack of an overall information technology architecture you and i have talked about this before, and it still doesn't exist today as far as i know. i've pointed that out and my committee has pointed that out and outside they've looked at the va's i.t. department and have pointed that out. i'm just not convinced that five years from now given that i don't know where you will be, but my fear is that we are going to be sitting here talking about the same issue again because we are not going about it with the discipline i come from an information technology career of over 30 years. i worked at u.s. special operations command as the director of the staff i know what it takes to get this stuff done, and five years, gentleman is totally unacceptable. and i don't really have a question for you. i just want you to fix this for crying out loud. >> can i respond? congressmen coming you and i but primarily roger baker and you have had this discussion. i work with you and we believe we have the good mark on architecture and i haven't satisfied you. we will come back and work on i
. if you talk to some very high technology firms, they will say, sorry, we cannot find enough specialized mathematician's or specialized engineers or an agricultural worker will say we have 7.9% unemployment but i cannot find enough people to help me take care of my harvest. we have 7.9% unemployment, but we do not have enough people in the transportation and logistics arena. perhaps high school kids -- high-school graduates do not want to be truckdrivers these days. they do not want to go back to the farm. it is not totally even. there is evidence that suggests very strongly that immigrants actually take up the slack. they do not compete necessarily with jobs already taken. another of many advantages of legalizing is that wages will have to go up. they will have to formally pay taxes, formally pays social security. the system will be level. there is one thing you said that i think at the core of this. i think it is and a wonderful insight. as the government is getting larger -- and the government is getting larger. the government has grown a four percentage points of gdp in the last four
with technology, to keep up with equipment, to get the latest, to make sure that there itheir infrastructure is in place to serve the country. >> that's why i like it's a class action lawsuit instead of independent complaints. those happen as we know all the time. but a class action like this will get major media attention, will get us all talking about it, and if they prevail i'm hoping that other utility companies around the country will say, you know, we probably don't want to have the same thing happen to us as what happened on long island, let's make sure we do something right. rick: class action lawsuits play an important role in the legal system. don't they usually result in a big payday for the lawyers and not necessarily for the people who sign onto it? >> it's a two-step process. yes they've got to be certified as a class action. they have to make sure everybody is in the same class. i don't think there is a problem there you have everybody on long island suffering from the same thing. you're right, will the lawyer win 30, 40%, yes, okay, that is not great, but let me explain a cla
Search Results 0 to 4 of about 5 (some duplicates have been removed)